Monero has been out of the spotlight for a while now but has been shooting up behind the doors going unnoticed. With a 47% gain since the past 7 days, Monero [XMR] is the second highest grosser after Bitcoin Cash [BCH] in the top 15.
At press time, trading at $284 to a token, it has a current market cap of $4.5 billion. The current trading value is its highest over the entire week when compared to the beginning of the week when XMR was trading at $191.
Monero has heavy volumes at Upbit, Bithumb, and Binance to name a few from the top exchanges but, it has been very inactive and hidden behind the curtains for a very long time now. While the entire market is fighting and competing healthily with each other, coming up with new upgrades, partnerships, projects and everything possible to uphold themselves, Monero has been in the sidelines slowly making headway to a $4.5 billion market cap.
There were a lot of speculations running around about Monero and its fork MoneroV claiming both to be a scam or a fake coin. Monero [XMR] had announced earlier about a scheduled network upgrade on April 6th and has been inactive ever since then.
According to user comments, the upgrade has brought in some changes but has also left the customers in a huge confusion and with unanswered queries.
“Anything changed.? I see same hash rate. When Hash rate back to normal status.? Any chance of some help with the GUI if you’re familiar with it now? Anybody? what’s happening? I am totally clueless.”
“The new GUI is amazing!! Way to go Monero but try to stay active and interact and inform us often, please. Why so silent and secretive? This makes everything spooky and doubtful.”
Vixen Alessandro commented:
“Monero did a great job. So, With the arrival of those who cannot do the Anti-Asic Algorithm, the situation is getting worse again. Monero should help them too. Even if the algorithms are different, you should do it :)”
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